1. In other words, it is the trading open day. After the open day, the wealth management products enter a closed period, and no transactions can be made during the closed period.
2. Funds with regular open days are generally closed-end funds. The total size of closed-end funds is fixed and cannot be redeemed in advance before maturity.
3. The closed-end fund will be closed after its establishment, and no operation can be done during the closed period. If you want to purchase and redeem, you need to wait until the fund is listed and traded or regularly open.
: About wealth management products
Open-ended wealth management products calculated on a daily basis refer to the full name of open-ended net worth wealth management products that calculate profits and losses on a daily basis.
During the specified trading hours, users can freely choose to buy or redeem wealth management products. Under normal circumstances, it is open once a week or once a month.
Of course, daily open-ended wealth management products have fixed opening hours. If it is not an open day, users cannot purchase or redeem closed-end funds. For closed-end funds that cannot be redeemed during the closed period, the main consideration is to ensure the promotion of long-term investment strategies and give fund share holders a better long-term investment return. Similarly, closed-end wealth management products and regular open-end wealth management products cannot be redeemed during the closed period, which will also be conducive to promoting long-term investment strategies.
However, we should also pay attention to the fact that securities investment funds can let investors withdraw from the transfer halfway, or at least have a legally selectable transfer path. However, the transfer of wealth management shares has been stopped by the supervision, and investors in wealth management products have only one way to redeem them.
Exchange method of financial management open day
On the open day of financial management, investors need to access relevant software or online banking, and choose fund redemption according to the relevant tips in the webpage. Under normal circumstances, whether a wealth management product can be redeemed at any time does not depend on the product itself, but on whether the wealth management product itself is an open wealth management product or a closed wealth management product. Generally speaking, during the closed period of closed-end wealth management products, investors are not allowed to make any redemption operations. Article 10 of the Measures for the Supervision and Administration of Financial Management Business of Commercial Banks (hereinafter referred to as "new financial management regulations") stipulates that commercial banks should divide financial management products into closed-end financial management products and open-end financial management products according to different operation modes. The term "closed-end wealth management products" as mentioned in these Measures refers to wealth management products with a clear maturity date. From the date of product establishment to the date of termination, investors may not subscribe or redeem them. Open-ended wealth management products refer to wealth management products whose total share is not fixed from the date of establishment to the date of termination, and investors can subscribe or redeem them on the open day and the corresponding places according to the agreement.